Crypto exchange OKX has introduced a new mining phase for Runecoin via its OKX Jumpstart platform. This initiative allows Bitcoin holders to stake their assets and receive Runecoin tokens in return. The event began at 7:00 am UTC on April 29 and lasted for 24 hours.

Runecoin, based on the Runes Protocol, was first distributed as a Pre-Rune airdrop to early Ordinals adopters. With a total supply of 21 billion tokens, Runecoin mirrors Bitcoin’s maximum supply, which is capped at 21 million tokens. This event marks the first time a Bitcoin rune has been featured on a major exchange, expanding Runecoin’s visibility within the Bitcoin ecosystem.

According to the distribution strategy, 92.00% of the Runecoin total token supply is allocated for airdrops, with the team retaining 5.00%. Additionally, 1.75% is set aside for OKX Jumpstart participants, and 1.25% is reserved for liquidity purposes. Participants in the BTC staking pool have the opportunity to mine 367,500,000 Runecoin tokens.

To participate, users can deposit BTC into their funding accounts on the OKX app, access Jumpstart in the Grow section, and click on the “Stake” button to start mining. After the event, they can select “Unstake” to retrieve their BTC, which will be automatically returned to their funding account. If the unstaking process is not completed by the event’s end, the tokens will still be distributed to users’ accounts.

Runecoin also announced its partnership with OKC Jumpstart in a recent post. The platform hailed this as a significant step forward for the Runes ecosystem, marking the first listing of a Bitcoin rune on a major exchange.

Additionally, Runecoin stated, “It opens the door for high-volume trading with low fees, fast execution, a smooth user experience, and a broad reach to global users.”

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